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Archive - 2018-02-24
Sridevi dies at 54
Movies & Music

Sridevi dies at 54

Actress Sridevi, 54, one of the most celebrated actresses of the Indian film industry has passed away. The news w
Updated 26 Feb, 2018 05:26am
Germans stun Canada, to face Russians in Olympic hockey final

Germans stun Canada, to face Russians in Olympic hockey final

Germany completed a shock run to their first men's Olympic hockey final Friday by dethroning two-time defending champion Canada 4-3, the fairytale squad advancing to a Sunday showdown for gold against the Olympic Athletes from Russia. The Russians, seekin
Published 24 Feb, 2018 12:00am
Arsenal survive Ostersunds scare as policeman dies in Bilbao clashes

Arsenal survive Ostersunds scare as policeman dies in Bilbao clashes

Arsenal scraped into the last 16 of the Europa League despite a 2-1 second-leg defeat by Ostersunds, but Thursday's action was marred by violent clashes at the match between Athletic Bilbao and Spartak Moscow which left a police officer dead. Two quickfir
Published 24 Feb, 2018 12:00am
Pakistan retain top T20 ranking after ICC error

Pakistan retain top T20 ranking after ICC error

Australian cricket chiefs have clarified that Pakistan still top the Twenty20 world rankings, despite Australia's victory in the T20 tri-series also featuring New Zealand and England. Cricket Australia said this week that Australia would take the number o
Published 24 Feb, 2018 12:00am
PPL Balochistan Football CupHarnai, Gwadar reach final round

PPL Balochistan Football CupHarnai, Gwadar reach final round

The sixth day of the qualifying round of PPL Balochistan Football Cup 2018 saw Chaman City, Panjgur City, Dera Bugti, Harnai, Jaffarabad, Kalat and Khuzdar emerge as winners. Harnai's victory and Gwadar's points have pushed them into the final round. The
Published 24 Feb, 2018 12:00am
Cummins gets Australians in front against South Africa A

Cummins gets Australians in front against South Africa A

Pat Cummins led a spirited lower-order batting performance to earn the touring Australians a 109-run first-innings lead on the second day of a three-day match against South Africa A at Willowmoore Park on Friday. Cummins, batting at number eight, made an
Published 24 Feb, 2018 12:00am
FIFA says it trusts Russia to ensure safe World Cup despite clashes

FIFA says it trusts Russia to ensure safe World Cup despite clashes

The world football governing body FIFA expressed "complete trust" Friday in Russia's ability to ensure a safe World Cup despite fan violence in Spain dduring which a policeman died. The Basque officer suffered a heart attack Thursday as hundreds of securi
Published 24 Feb, 2018 12:00am
Kasatkina upsets Muguruza to reach Dubai final
Kerb

Kasatkina upsets Muguruza to reach Dubai final

Unseeded Daria Kasatkina upset Wimbledon champion Garbine Muguruza 3-6, 7-6 (13-11), 6-1 on Friday after a dramatic fightback in their semi-final at the Dubai Championships. After dropping the opening set and falling a break behind in the second, the 20-y
Published 24 Feb, 2018 12:00am
Shabbir takes lead as third RMI Open Golf Championship begins

Shabbir takes lead as third RMI Open Golf Championship begins

International Muhammad Shabbir bewildered fellow golfers by leading the opening day round of the professionals with his gross score six under 66 over 18 holes of the 54-holes 3rd RMI Open Golf Championship, which got underway here at PAF Golf Course on Fr
Published 24 Feb, 2018 12:00am
UCP win All-Pakistan Inter-University Kabaddi title

UCP win All-Pakistan Inter-University Kabaddi title

The University of Central Punjab (UCP) has won the All-Pakistan Inter-University Kabaddi Championship 2017-18, organised by the University of Veterinary and Animal Sciences (UVAS) Lahore in collaboration with the Higher Education Commission (HEC) Islamaba
Published 24 Feb, 2018 12:00am
Aussie, kiwi slip

Aussie, kiwi slip

The Australian and New Zealand dollars slipped on Friday and were on track for weekly losses as investors bet interest rates in the two countries will remain at record lows while the United States continues to tighten policy. The Australian dollar slipped
Published 24 Feb, 2018 12:00am
Sterling steady as soft data is offset by BoE hike expectations

Sterling steady as soft data is offset by BoE hike expectations

Sterling edged up against the dollar and euro on Friday but finished the week in much the same place as it had started, with weaker-than-expected economic data being offset by hawkish comments from Bank of England policymakers.
Published 24 Feb, 2018 12:00am
Sri Lankan rupee up

Sri Lankan rupee up

The Sri Lankan rupee ended slightly firmer on Friday in dull trade as banks' dollar selling on remittance inflows surpassed the importer greenback demand, dealers said. The rupee ended at 155.15/20 per dollar, compared with Thursday's close of 155.25/30.
Published 24 Feb, 2018 12:00am
Most Asian currencies rise as risk appetites return

Most Asian currencies rise as risk appetites return

Most Asian currencies recovered some of their recent losses on Friday as a retreat in US Treasury yields boosted risk appetites and pushed regional assets higher. In a sign of improved sentiment, MSCI's broadest index of Asia-Pacific shares outside Japan
Published 24 Feb, 2018 12:00am
China's yuan edges up
Exchange

China's yuan edges up

China's yuan strengthened against the dollar in post-holiday thin trade on Friday, supported by a slightly stronger official guidance rate. The Chinese currency is on course for marginal gains in the holiday-shortened week. While trading in the domestic f
Published 24 Feb, 2018 12:00am
Dollar slips in New York as recovery loses steam; yen rises
Currency

Dollar slips in New York as recovery loses steam; yen rises

The dollar fell against a basket of major currencies on Thursday, as its rally from a three-year low last week ran out of steam, and the yen soared against the greenback as heightened volatility led investors to favour the Japanese currency.
Published 24 Feb, 2018 12:00am
Euro tumbles in Europe
Exchange

Euro tumbles in Europe

The euro slipped on Friday and is set to post its second biggest weekly loss in nearly four months as investors focused on adding hedges to their portfolios before a big week for foreign exchange markets from a European politics perspective. The outcome o
Published 24 Feb, 2018 12:00am
Dollar up against yen in Asia
Currency

Dollar up against yen in Asia

The dollar edged up against the yen and other currencies on Friday, trimming earlier losses, as global investors gingerly dipped their toes back into riskier assets amid rapidly shifting views on US monetary policy. The dollar edged up 0.1 percent to 106.
Published 24 Feb, 2018 12:00am
Canada annual inflation cools in January

Canada annual inflation cools in January

Canada's annual inflation rate cooled in January from a year earlier as consumers paid less for gasoline and vehicles, but firmer underlying prices were seen keeping the central bank on track to raise interest rates again later this year. The annual infla
Published 24 Feb, 2018 12:00am
Chinese snap up ailing French fashion label Lanvin

Chinese snap up ailing French fashion label Lanvin

Chinese conglomerate Fosun snapped up the ailing French fashion label Lanvin Thursday and promised to revive its fortunes. Lanvin, the oldest French luxury house still in existence, has been in turmoil since the shock sacking of popular designer Alber Elb
Published 24 Feb, 2018 12:00am
Russia bans Belarusian dairy imports

Russia bans Belarusian dairy imports

Russia on Thursday announced a temporary ban on imports of some Belarusian dairy products including milk, citing "repeated violations of veterinary and sanitary norms". The neighbouring countries have been wrangling over the key dairy sector for months.
Published 24 Feb, 2018 12:00am
UK's top energy supplier Centrica says cutting 4,000 jobs

UK's top energy supplier Centrica says cutting 4,000 jobs

Britain's top energy supplier Centrica said Thursday it would cut 4,000 jobs by 2020 after announcing a 17-percent drop in profits in 2017 due to a loss of customers and poor performance in North America. "We expected the new programme to involve reductio
Published 24 Feb, 2018 12:00am
IAG, RBS drops send FTSE 100 to a weekly loss

IAG, RBS drops send FTSE 100 to a weekly loss

The UK's top share index dipped on Friday after bank RBS and airline operator IAG tumbled following their results, sending the FTSE 100 to a slight weekly loss. Britain's blue chip FTSE 100 index closed down 0.11 percent at 7,244 points.
Published 24 Feb, 2018 12:00am
Southeast Asian stocks move higher

Southeast Asian stocks move higher

Most Southeast Asian stock markets closed higher on Friday, in line with broader Asia, after comments from Federal Reserve officials eased worries about faster rate hikes in the United States. St. Louis Fed President James Bullard said Thursday that polic
Published 24 Feb, 2018 12:00am
Sri Lankan stocks steady

Sri Lankan stocks steady

Sri Lankan shares ended steady on Friday, near a more than three-month high hit early in the week, as investors picked up diversified shares. Investor sentiment got a boost after two key parties decided to remain in the ruling coalition, allaying fears of
Published 24 Feb, 2018 12:00am
European shares flat on the week as earnings season peaks
Exchange

European shares flat on the week as earnings season peaks

European shares ended the day in positive territory after a choppy session, posting a slim weekly gain as investors digested a flurry of company results that included disappointing updates from Royal Bank of Scotland and Valeo. The STOXX 600 closed up 0.2
Published 24 Feb, 2018 12:00am
Indian shares soar

Indian shares soar

Indian shares ended higher on Friday, tracking gains in global equities, as investors bought shares of recent underperformers such as pharma and financials. The benchmark BSE index closed up 0.95 percent at 34,142.15, ending 0.39 percent higher for the we
Published 24 Feb, 2018 12:00am
Australian, New Zealand shares rise

Australian, New Zealand shares rise

Australian shares firmed on Friday, helped by gains in resources shares which were buoyed by higher commodities prices. Commonwealth Bank of Australia also lent the benchmark index some buoyancy, rising 1.1 percent, after denying most of the 100 additiona
Published 24 Feb, 2018 12:00am
Treasury prices pare gains

Treasury prices pare gains

US Treasuries pared price gains on Thursday after the US government sold new seven-year notes to slightly soft demand, the final sale of $258 billion in debt this week. The debt sold around 0.6 basis points higher in yield than before the auction, though
Published 24 Feb, 2018 12:00am
Treasury prices pare gains

Treasury prices pare gains

US Treasuries pared price gains on Thursday after the US government sold new seven-year notes to slightly soft demand, the final sale of $258 billion in debt this week. The debt sold around 0.6 basis points higher in yield than before the auction, though
Published 24 Feb, 2018 12:00am
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong stocks rose on Friday, capping a holiday-shortened trading week, as main indexes managed to recover much of the damage done during the recent rout. The Hang Seng index rose 1.0 percent, to 31,267.17, while the China Enterprises Index gained 1.7
Published 24 Feb, 2018 12:00am
Dow, S&P climb on energy and industrials; Nasdaq falls
Exchange

Dow, S&P climb on energy and industrials; Nasdaq falls

The Dow and S&P 500 advanced on Thursday to halt a two-session losing skid, buoyed by gains in industrial and energy shares as US Treasury yields eased, while the Nasdaq lost ground for a third straight session. Major indexes advanced early as worries abo
Published 24 Feb, 2018 12:00am
Tokyo stocks make moderate gains

Tokyo stocks make moderate gains

Tokyo stocks rose moderately on Friday, with investor sentiment propped up by a rebound on Wall Street as the market regained stability. The benchmark Nikkei 225 index gained 0.72 percent or 156.34 points to close at 21,892.78. Over the week, it rose 0.79
Published 24 Feb, 2018 12:00am
Pay more or get less, EU leaders told at summit

Pay more or get less, EU leaders told at summit

European Union leaders faced calls at a Brussels summit on Friday to "pay more" to fill a Brexit-sized hole in their budget or accept cuts. The 27 leaders minus Britain were also debating how to choose a new European Commission chief next year to replace
Published 24 Feb, 2018 12:00am
British Airways-owner announces slight profit rise

British Airways-owner announces slight profit rise

IAG, which owns British Airways and Spanish carrier Iberia, said Friday that full-year net profit gained only slightly, as restructuring costs offset benefits from the demise of smaller rivals. Profit after tax grew 3.6 percent to 2.0 billion euros ($2.5
Published 24 Feb, 2018 12:00am
British Airways-owner announces slight profit rise

British Airways-owner announces slight profit rise

IAG, which owns British Airways and Spanish carrier Iberia, said Friday that full-year net profit gained only slightly, as restructuring costs offset benefits from the demise of smaller rivals. Profit after tax grew 3.6 percent to 2.0 billion euros ($2.5
Published 24 Feb, 2018 12:00am
Tunisia's foreign reserves hit 16-year low
Currency

Tunisia's foreign reserves hit 16-year low

Tunisia's foreign currency reserves dropped to a 16-year low after protests put a halt to phosphate exports, providing an early test for its new Central Bank governor who has pledged "extraordinary measures" to revive the country's economy. Reserves fell
Published 24 Feb, 2018 12:00am
Volkswagen profit roars back two years after 'dieselgate'
Exchange

Volkswagen profit roars back two years after 'dieselgate'

The world's largest carmaker Volkswagen appeared back in racing form Friday, as its 2017 results revved back to levels not seen since before its devastating "dieselgate" emission cheating scandal. VW said in a statement it had booked an 11.4-billion-euro
Published 24 Feb, 2018 12:00am
Japan's inflation stagnant in January

Japan's inflation stagnant in January

Japan's consumer prices edged up 0.9 percent in January, government data showed Friday, but inflation was still far below a longstanding target. Japan has notched up eight straight quarters of economic growth - the longest positive run since the "bubble"
Published 24 Feb, 2018 12:00am
Banks will have eight years to write down bad debts under new EU rules

Banks will have eight years to write down bad debts under new EU rules

Banks in the European Union will have eight years to write down bad debts backed by collateral under proposals from the European Commission designed to tackle their 759 billion euros ($933.19 billion) in soured loans, a source familiar with the matter sai
Published 24 Feb, 2018 12:00am
Latvian central bank boss denies bribery allegations

Latvian central bank boss denies bribery allegations

Latvia's central bank governor Ilmars Rimsevics, who is suspected of bribe-taking by anti-corruption authorities, claimed he was innocent in an interview with the Financial Times published Friday. The eurozone member's longtime governor, who was appointed
Published 24 Feb, 2018 12:00am
Fed report tamps down concerns over wage gains

Fed report tamps down concerns over wage gains

A jump in US wage gains in January spooked financial markets, but the Federal Reserve in a report Friday seemed to tamp down concerns that the increases were poised to fuel inflation. In its semi-annual report to Congress, the Fed said inflation remains s
Published 24 Feb, 2018 12:00am
Competition curbs French bank charge increases for 2018

Competition curbs French bank charge increases for 2018

French banks have raised customer charges at a slower pace this year as new low-cost online lenders and rules led some to predict a price war which would weigh on margins. Data from state statistics institute INSEE released this week showed growth in char
Published 24 Feb, 2018 12:00am
US tells India to cut tariffs as trade friction heats up

US tells India to cut tariffs as trade friction heats up

US businesses and diplomats are pressing India to cut tariffs, industry and government sources say, after New Delhi's move to increase customs duties on dozens of products to help its flagship Make-in-India drive aggravated differences over trade. Ford, w
Published 24 Feb, 2018 12:00am
General Mills to pay $8 billion to acquire Blue Buffalo pet foods

General Mills to pay $8 billion to acquire Blue Buffalo pet foods

US food conglomerate General Mills is adding dogs and cats to its portfolio, in an $8 billion deal to acquire natural pet food company Blue Buffalo, the companies announced Friday. The Minnesota-based maker of Cheerios cereal, Yoplait yogurt and home of t
Published 24 Feb, 2018 12:00am
Palm oil firms on European vegoils market
Vegetable Oil

Palm oil firms on European vegoils market

Palm oil on the European vegetable oils market firmed on Wednesday, tracking slightly higher Malaysian palm oil futures and stronger CBOT soyaoil futures on expected lower output. Asking prices for palm oil were between $5 and $7.50 a tonne higher after M
Published 24 Feb, 2018 12:00am
Ukraine 2017-2018 sugar output rises

Ukraine 2017-2018 sugar output rises

Ukraine completed the 2017-18 sugar season, processing 2.14 million tonnes of white sugar from the 2017 sugar beet harvest, sugar producers' union Ukrtsukor said on Tuesday. Ukraine produced 2.01 million tonnes sugar from sugar beet in 2016/17.
Published 24 Feb, 2018 12:00am
Sluggish business seen on cotton market
Cotton

Sluggish business seen on cotton market

Sluggish business was witnessed on the cotton market on Friday as spinners were on the sidelines due to less buying interest, dealers said. The official spot rate was unchanged at Rs 6,900, they added. In Sindh and the Punjab, seed cotton prices were at R
Published 24 Feb, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 129,830 tonnes of cargo comprising 70,704 tonnes of import cargo and 59,126 tonnes of export cargo including 6,732 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 70,7
Published 24 Feb, 2018 12:00am
EU wheat higher as euro eases again
Exchange

EU wheat higher as euro eases again

Euronext wheat futures edged higher on Wednesday, holding close to a three-week high with support from an easing euro and a flurry of tenders from importing countries. Traders were monitoring a cold spell setting in across Europe and the Black Sea region,
Published 24 Feb, 2018 12:00am
Egyptian firm to buy Israeli natural gas

Egyptian firm to buy Israeli natural gas

An Egyptian company will buy $15 billion of Israeli natural gas in two 10-year agreements announced on Monday, a major deal that Israel hopes will strengthen diplomatic ties. The partners in Israel's Tamar and Leviathan offshore gas fields said they would
Published 24 Feb, 2018 12:00am
South Asia dominates Ukrainian wheat exports

South Asia dominates Ukrainian wheat exports

The countries of Southeast Asia have become the major buyers of Ukrainian wheat in the first seven months of the current season, importing around a third of the total volume, UkrAgroConsult said on Wednesday. Indonesia, Philippines, Singapore and Malaysia
Published 24 Feb, 2018 12:00am
CBOT corn futures flat

CBOT corn futures flat

Chicago Board of Trade corn futures ended near unchanged on Wednesday, underpinned by concerns over drought-reduced production in Argentina but capped by ample global supplies, traders said. CBOT March corn settled 1/4 cent higher at $3.65-3/4 a bushel af
Published 24 Feb, 2018 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

Chicago Board of Trade wheat futures declined on Wednesday as rainy weather in parts of the US Plains wheat belt was seen boosting crops following a serious drought this winter. CBOT March soft red winter wheat fell 2 cents to $4.47-1/4 a bushel, touching
Published 24 Feb, 2018 12:00am
Canadian canola futures climb

Canadian canola futures climb

ICE Canadian canola futures rose on Wednesday for a third straight session, lifted by strength in soyabeans that was due to dry Argentina weather, and crusher buying. The weak Canadian dollar has bolstered crusher margins, spurring buying, a trader said.
Published 24 Feb, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,259. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.484 billion and the number of lots traded was 10,729.
Published 24 Feb, 2018 12:00am
How to manage your manager

How to manage your manager

People leave managers not organizations; 60% people feel that the most stressful part of their work is their boss; I start breathing normally when my manager is out of the office; my manager is a sadist who loves to highlight my flaws; crazy, workaholic,
Published 24 Feb, 2018 12:00am
Blockchain revolution comes to world of humanitarian aid
Currency

Blockchain revolution comes to world of humanitarian aid

Blockchain, the technology behind the cryptocurrency bitcoin, is taking root in a sector far from finance: the world of humanitarian aid. By offering refugees a virtual identity, reassuring donors that their money is being well spent, or rushing funds whe
Published 24 Feb, 2018 12:00am
Art Facts: Humble submission

Art Facts: Humble submission

Acclaimed sculptor and ceramist Talat Dabir's experimental approach resulted in spontaneous and full of energy sculptures. She always captures diverse themes in a unique manner. Her artistic skills take shape in an innovative style showing her mastery in
Published 24 Feb, 2018 12:00am
Palmreaders? Japan team builds second skin message display

Palmreaders? Japan team builds second skin message display

Palmreading could take on a whole new meaning thanks to a new invention from Japan: an ultra-thin display and monitor that can be stuck directly to the body. The band-aid-like device is just one millimetre thick and can monitor important health data as we
Published 24 Feb, 2018 12:00am
Kishwar Naheed - a contemporary Urdu feminist poetess

Kishwar Naheed - a contemporary Urdu feminist poetess

I have been listening, reading and watching Kishwar Naheed for along time. I was impressed by her because of her affiliation with art giants such as Sadequain, M F Hussain and Colon David. She used to go in literary and intellectual gathering including ma
Published 24 Feb, 2018 12:00am
Rise of the data protection officer, the hottest tech ticket in town

Rise of the data protection officer, the hottest tech ticket in town

They may not have the cachet of entrepreneurs, or geek chic of developers, but data protection officers are suddenly the hottest properties in technology. When Jen Brown got her first certification for information privacy in 2006, few companies were looki
Published 24 Feb, 2018 12:00am
Giant London glasshouse to reopen with world's rarest plants

Giant London glasshouse to reopen with world's rarest plants

A gleaming monument to the ambition and creativity of its age, the world's largest Victorian glasshouse will once again welcome visitors to see some of the world's rarest plants following a lengthy facelift. "Temperate House" in London's Kew Gardens is la
Published 24 Feb, 2018 12:00am
A movie a day for 60 years: cinema sustains a Berlin love

A movie a day for 60 years: cinema sustains a Berlin love

It's a love that was born in a cinema in 1950s Cold War Berlin and that has been nourished for over six decades by taking in at least a movie a day together. At this week's Berlin film festival, Erika and Ulrich Gregor, now in their 80s, are absolute fixt
Published 24 Feb, 2018 12:00am
Daniel Craig puts his Bond car up for auction

Daniel Craig puts his Bond car up for auction

James Bond is parting with his personal Aston Martin. Actor Daniel Craig, who has played the British spy known as 007 in four films, is auctioning for charity the limited-edition vehicle made for him by Aston Martin four years ago, Christie's auction hous
Published 24 Feb, 2018 12:00am
'Annihilation': the sci-fi movie women have been waiting for

'Annihilation': the sci-fi movie women have been waiting for

Sci-fi blockbuster "Annihilation" has been praised for its stunning, ethereal look but it is a relatively banal image that marks it out as unusual: its all-female cast, marching into danger together. While female-led comedies like "Mean Girls," "Bridesmai
Published 24 Feb, 2018 12:00am
BRIDGE NOTES: 'Where there is a will there is a way'

BRIDGE NOTES: 'Where there is a will there is a way'

Bridge challenges can sometimes be really tough. Howsoever a good Bridge player tries to resolve the contract bid before him, which appears to be impossibility with no chance of making. But we also know that in Bridge, players do come across a cloud that
Published 24 Feb, 2018 12:00am
Helen Mirren delves into the haunted mystery of 'Winchester'

Helen Mirren delves into the haunted mystery of 'Winchester'

With its 160 rooms and rumored ghosts hiding among the darkened corners, the mystery of Winchester House, built by Sarah Winchester, the widow of rifle company magnate William Winchester, still draws droves of people to San Jose to try and uncover the bui
Published 24 Feb, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 24 Feb, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 24 Feb, 2018 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 24 Feb, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 24 Feb, 2018 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (February 23, 2018).

Published 24 Feb, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (February 23, 2018).
Published 24 Feb, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (February 23, 2018).

Published 24 Feb, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 23, 2018).

Published 24 Feb, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 23, 2018).

Published 24 Feb, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 23, 2018).

Published 24 Feb, 2018 12:00am
Defence Attaches briefed: ISPR

Defence Attaches briefed: ISPR

Defence Attaches of various countries have visited the Line of Control (LoC) in Rawalakot Sector of Azad Jammu and Kashmir, Inter-Services Public Relations (ISPR) said in a statement on Friday. During the visit, the defence attaches of from the US, UK Chi
Published 24 Feb, 2018 12:00am
Defence Attaches briefed: ISPR

Defence Attaches briefed: ISPR

Defence Attaches of various countries have visited the Line of Control (LoC) in Rawalakot Sector of Azad Jammu and Kashmir, Inter-Services Public Relations (ISPR) said in a statement on Friday. During the visit, the defence attaches of from the US, UK Chi
Published 24 Feb, 2018 12:00am
PD urged to help recover FRLs from PSEs

PD urged to help recover FRLs from PSEs

Secretary Finance and Economic Affairs Division, Arif Khan has reportedly sought help from the Power Division for recovery of Foreign Relent Loans (FRLs) from Power Sector Entities (PSEs) which will touch Rs 229 billion up to June 30, 2018, after Pakistan
Published 24 Feb, 2018 12:00am
PD urged to help recover FRLs from PSEs

PD urged to help recover FRLs from PSEs

Secretary Finance and Economic Affairs Division, Arif Khan has reportedly sought help from the Power Division for recovery of Foreign Relent Loans (FRLs) from Power Sector Entities (PSEs) which will touch Rs 229 billion up to June 30, 2018, after Pakistan
Published 24 Feb, 2018 12:00am
PD urged to help recover FRLs from PSEs

PD urged to help recover FRLs from PSEs

Secretary Finance and Economic Affairs Division, Arif Khan has reportedly sought help from the Power Division for recovery of Foreign Relent Loans (FRLs) from Power Sector Entities (PSEs) which will touch Rs 229 billion up to June 30, 2018, after Pakistan
Published 24 Feb, 2018 12:00am
Punjab bureaucrats protest against Cheema's arrest

Punjab bureaucrats protest against Cheema's arrest

Friction between the Punjab government and National Accountability Bureau (NAB), on Friday, was observed over the arrest of Lahore Development Auth-ority's (LDA) former director general Ahad Cheema. NAB said that Cheema, by misuse of authority and with cr
Published 24 Feb, 2018 12:00am
Punjab bureaucrats protest against Cheema's arrest

Punjab bureaucrats protest against Cheema's arrest

Friction between the Punjab government and National Accountability Bureau (NAB), on Friday, was observed over the arrest of Lahore Development Auth-ority's (LDA) former director general Ahad Cheema. NAB said that Cheema, by misuse of authority and with cr
Published 24 Feb, 2018 12:00am
Punjab Cabinet terms arrest 'illegal'

Punjab Cabinet terms arrest 'illegal'

The Punjab cabinet, which met here Friday, has expressed its deep concern over the arrest of Ahad Cheema, former Director General Lahore Development Authority and Chief Executive Officer Quaid-e-Azam Thermal Power Limited and said that this arrest is unwa
Published 24 Feb, 2018 12:00am
Punjab Cabinet terms arrest 'illegal'

Punjab Cabinet terms arrest 'illegal'

The Punjab cabinet, which met here Friday, has expressed its deep concern over the arrest of Ahad Cheema, former Director General Lahore Development Authority and Chief Executive Officer Quaid-e-Azam Thermal Power Limited and said that this arrest is unwa
Published 24 Feb, 2018 12:00am
'It's pre-poll rigging': Nawaz

'It's pre-poll rigging': Nawaz

Deposed Prime Minister Nawaz Sharif said on Friday that Supreme Court's judgment in the Elections Act, 2017 case is tantamount to pre-poll rigging. Talking to reporters after appearing before the Accountability Court hearing corruption references against
Published 24 Feb, 2018 12:00am
'It's pre-poll rigging': Nawaz

'It's pre-poll rigging': Nawaz

Deposed Prime Minister Nawaz Sharif said on Friday that Supreme Court's judgment in the Elections Act, 2017 case is tantamount to pre-poll rigging. Talking to reporters after appearing before the Accountability Court hearing corruption references against
Published 24 Feb, 2018 12:00am
Witness says he's no IT expert

Witness says he's no IT expert

Former prime minister Nawaz Sharif, his daughter Maryam Nawaz and son-in-law Captain Muhammad Safdar (retd) appeared before Accountabi-lity Court judge Muhammad Bashir amid tight security arrangements. At the outset of proceedings, notes prepared by the p
Published 24 Feb, 2018 12:00am
Witness says he's no IT expert

Witness says he's no IT expert

Former prime minister Nawaz Sharif, his daughter Maryam Nawaz and son-in-law Captain Muhammad Safdar (retd) appeared before Accountabi-lity Court judge Muhammad Bashir amid tight security arrangements. At the outset of proceedings, notes prepared by the p
Published 24 Feb, 2018 12:00am
Retired generals: NAB decision to file references echoes in Senate

Retired generals: NAB decision to file references echoes in Senate

National Accountability Bureau's decision to file references against three retired generals and allotment of 88 acres of land to a former chief of army staff echoed in the Senate on Friday. During the question hour, the House was also informed that as man
Published 24 Feb, 2018 12:00am
Retired generals: NAB decision to file references echoes in Senate

Retired generals: NAB decision to file references echoes in Senate

National Accountability Bureau's decision to file references against three retired generals and allotment of 88 acres of land to a former chief of army staff echoed in the Senate on Friday. During the question hour, the House was also informed that as man
Published 24 Feb, 2018 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 24 Feb, 2018 12:00am
SRO issued for release of thousands of used cars
Exchange

SRO issued for release of thousands of used cars

The Commerce Division Friday issued the much-awaited Statutory Regulatory Order (SRO) effecting release of thousands of three-year old used cars stuck at ports, following a change in Import Policy Order (IPO). Islamabad is abuzz with rumours that used car
Published 24 Feb, 2018 12:00am
SRO issued for release of thousands of used cars
Exchange

SRO issued for release of thousands of used cars

The Commerce Division Friday issued the much-awaited Statutory Regulatory Order (SRO) effecting release of thousands of three-year old used cars stuck at ports, following a change in Import Policy Order (IPO). Islamabad is abuzz with rumours that used car
Published 24 Feb, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 24 Feb, 2018 12:00am
SRO issued for release of thousands of used cars
Exchange

SRO issued for release of thousands of used cars

The Commerce Division Friday issued the much-awaited Statutory Regulatory Order (SRO) effecting release of thousands of three-year old used cars stuck at ports, following a change in Import Policy Order (IPO). Islamabad is abuzz with rumours that used car
Published 24 Feb, 2018 12:00am
SRO issued for release of thousands of used cars
Exchange

SRO issued for release of thousands of used cars

The Commerce Division Friday issued the much-awaited Statutory Regulatory Order (SRO) effecting release of thousands of three-year old used cars stuck at ports, following a change in Import Policy Order (IPO). Islamabad is abuzz with rumours that used car
Published 24 Feb, 2018 12:00am
RBS bank posts first annual net profit in 10 years

RBS bank posts first annual net profit in 10 years

Royal Bank of Scotland Group reported its first annual profit in a decade on Friday, but the milestone was bitter-sweet for the British bank which had wanted to resolve a multibillion-dollar misconduct case in 2017. The bank is hopeful the case with the U
Published 24 Feb, 2018 12:00am
RBS bank posts first annual net profit in 10 years

RBS bank posts first annual net profit in 10 years

Royal Bank of Scotland Group reported its first annual profit in a decade on Friday, but the milestone was bitter-sweet for the British bank which had wanted to resolve a multibillion-dollar misconduct case in 2017. The bank is hopeful the case with the U
Published 24 Feb, 2018 12:00am
RBS bank posts first annual net profit in 10 years

RBS bank posts first annual net profit in 10 years

Royal Bank of Scotland Group reported its first annual profit in a decade on Friday, but the milestone was bitter-sweet for the British bank which had wanted to resolve a multibillion-dollar misconduct case in 2017. The bank is hopeful the case with the U
Published 24 Feb, 2018 12:00am
Crucial bill on reduced criteria for appointments in Nepra passed

Crucial bill on reduced criteria for appointments in Nepra passed

In a big blow to influential baboos getting jobs in different government institutions after their retirement, a crucial bill was passed by the Senate on Friday which reduced the experience criteria for chairman and members of Nepra from 15-20 years to 12
Published 24 Feb, 2018 12:00am
Crucial bill on reduced criteria for appointments in Nepra passed

Crucial bill on reduced criteria for appointments in Nepra passed

In a big blow to influential baboos getting jobs in different government institutions after their retirement, a crucial bill was passed by the Senate on Friday which reduced the experience criteria for chairman and members of Nepra from 15-20 years to 12
Published 24 Feb, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (February 23, 2018).

Published 24 Feb, 2018 12:00am
Crucial bill on reduced criteria for appointments in Nepra passed

Crucial bill on reduced criteria for appointments in Nepra passed

In a big blow to influential baboos getting jobs in different government institutions after their retirement, a crucial bill was passed by the Senate on Friday which reduced the experience criteria for chairman and members of Nepra from 15-20 years to 12
Published 24 Feb, 2018 12:00am
BRIndex100 edges down
Exchange

BRIndex100 edges down

Pakistan Stock Exchange Friday witnessed a mixed trend, however it closed in negative zone due to selling in various sectors at the fag end. BRIndex100 lost 28.04 points or 0.6 percent to close at 4,638.26 points. BRIndex100 touched intraday high of 4,699
Published 24 Feb, 2018 12:00am
BRIndex100 edges down
Exchange

BRIndex100 edges down

Pakistan Stock Exchange Friday witnessed a mixed trend, however it closed in negative zone due to selling in various sectors at the fag end. BRIndex100 lost 28.04 points or 0.6 percent to close at 4,638.26 points. BRIndex100 touched intraday high of 4,699
Published 24 Feb, 2018 12:00am
BRIndex100 edges down
Exchange

BRIndex100 edges down

Pakistan Stock Exchange Friday witnessed a mixed trend, however it closed in negative zone due to selling in various sectors at the fag end. BRIndex100 lost 28.04 points or 0.6 percent to close at 4,638.26 points. BRIndex100 touched intraday high of 4,699
Published 24 Feb, 2018 12:00am
Work launched on TAPI pipeline's Afghan section

Work launched on TAPI pipeline's Afghan section

Regional leaders launched construction work on the Afghan section of an $8 billion natural gas pipeline that will link the energy-rich Central Asian nation of Turkmenistan through Afghanistan to Pakistan and India. Ex-Soviet Turkmenistan holds the world's
Published 24 Feb, 2018 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee managed to resist further decline against the dollar on the money market on Friday in process of trading, currency experts said. The rupee was unchanged versus the dollar for buying and selling at Rs 110.57 and Rs 110.58 respectively, they said.
Published 24 Feb, 2018 12:00am
Work launched on TAPI pipeline's Afghan section

Work launched on TAPI pipeline's Afghan section

Regional leaders launched construction work on the Afghan section of an $8 billion natural gas pipeline that will link the energy-rich Central Asian nation of Turkmenistan through Afghanistan to Pakistan and India. Ex-Soviet Turkmenistan holds the world's
Published 24 Feb, 2018 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee managed to resist further decline against the dollar on the money market on Friday in process of trading, currency experts said. The rupee was unchanged versus the dollar for buying and selling at Rs 110.57 and Rs 110.58 respectively, they said.
Published 24 Feb, 2018 12:00am
Work launched on TAPI pipeline''s Afghan section

Work launched on TAPI pipeline''s Afghan section

Regional leaders launched construction work on the Afghan section of an $8 billion natural gas pipeline that will link the energy-rich Central Asian nation of Turkmenistan through Afghanistan to Pakistan and India. Ex-Soviet Turkmenistan holds the world''
Published 24 Feb, 2018 12:00am
Pipeline vital for regional prosperity: PM

Pipeline vital for regional prosperity: PM

Prime Minister Shahid Khaqan Abbasi on Friday, noting the critical role of Afghanistan in the success of Turkmenistan Afghanistan Pakistan India (TAPI) gas pipeline, said the project was vital for prosperity of the region. "Let today be the start of a new
Published 24 Feb, 2018 12:00am
Pipeline vital for regional prosperity: PM

Pipeline vital for regional prosperity: PM

Prime Minister Shahid Khaqan Abbasi on Friday, noting the critical role of Afghanistan in the success of Turkmenistan Afghanistan Pakistan India (TAPI) gas pipeline, said the project was vital for prosperity of the region. "Let today be the start of a new
Published 24 Feb, 2018 12:00am
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